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Sensex gains 61 points in early trade ahead of RBI policy

Mumbai: The benchmark BSE Sensex gained over 61 points in early trade on Tuesday on sustained and selective buying by funds and retail investors ahead of RBI's policy meet.

Continuing Monday's winning streak, the 30-share index rose further by 61.03 points, or 0.24 percent, to 25,784.19, with all the sectoral indices, led by auto and banking, trading in positive zone with gains up to 0.62 percent.

The Sensex had gained over 242.32 points in the previous session.

The National Stock Exchange index Nifty rose 13.95 points, or 0.18 percent, to 7,697.60 in early trade. Brokers said selective buying by cautious funds and retail

investors ahead of RBI's bi-monthly policy review later in the day influenced the trading sentiments. Among other Asian markets, Hong Kong Hang Seng gained 0.32 percent, while Japan's Nikkei was up by 0.21 percent in early trade today.

The US Dow Jones Industrial Average ended 0.46 percent higher in Monday's trade.--PTI